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Let's take the nine states that have no income tax and compare them with the nine states with the highest income tax rates in the nation. if you look at the economic metrics over the last decade for both groups, the zero-income-tax-rate states outperform the highest-income-tax-rate states by a fairly sizable amount.
-Arthur Laffer
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Let's Take The Nine States That Have

Arthur Laffer
Let's take the nine states that have no income tax and compare them with the nine states with the highest income tax rates in the nation. if you look at the economic metrics over the last decade for both groups, the zero-income-tax-rate states outperform the highest-income-tax-rate states by a fairly sizable amount.
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Zero Groups Income

More From Arthur Laffer

If you look at the performance of the zero-income-tax-rate states and the highest-income-tax-rate states, i believe a large amount of their difference is due to taxes. not only is it true of the last decade, but i took these numbers back 50 years. and, there's not one year in the last 50 where the zero-income-tax-rate states have not outperformed the highest-income-tax-rate states.
Zero Believe Years
There are 11 states in the united states that in the last 50 years instituted an income tax. so i looked at each of those 11 states over the last 50 years, and i took their current economic metrics and their metrics for the five years before they put in the progressive income tax... every single state that introduced a progressive income tax has declined as an overall share of the u.s. economy.
Years United States Income
The zero-income-tax-rate states have far faster growth in tax revenues than did the states with highest income tax rate over this period.
Zero Growth Income
Many of our feelings of satisfaction or dissatisfaction have their roots in how we compare ourselves to others. when we compare ourselves to those who have more, we feel bad. when we compare ourselves to those who have less, we feel grateful. even though the truth is we have exactly the same life either way, our feelings about our life can vary tremendously based on who we compare ourselves with. compare yourself with those examples that are meaningful but that make you feel comfortable with who you are and what you have.
Meaningful Grateful Roots
Let others lead small lives, but not you. let others argue over small things, let them complain over what might have been, but not you. let others cry over small hurts, let them be discouraged, let them be revengeful and vindictive, but not you. let others leave their future in someone else's hands, let them become materialistic and empty, but not you. let others become ungrateful and stop praying, but not you! let others give up, but not you! for you know in whom you believe and you know that he is always able. now, that's you!
Motivational Hurt Giving Up
Well, i think the reality is that as you study - when president kennedy cut marginal tax rates, when ronald reagan cut marginal tax rates, when president bush imposed those tax cuts, they actually generated economic growth. they expanded the economy. they expand tax revenues.
Cutting Reality Thinking
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